NSE: ADANIENSOL- On Friday, shares of Adani Energy Solutions Limited (AEL) once again saw a rise. The share price on BSE at one point reached Rs 1189.90, showing a rise of about 10%. This is very close to the company’s 52-week high price of Rs 1250.
Adani Energy Solutions Share Price has increased by +1.30 in the last 1 month, +173.85
Reasons for acceleration:
The reason behind the rise in AEL shares is not clear. There was no major news related to the company till 3 o’clock.
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Possible factors:
- Smart meter market: AEL has a significant focus on the smart meter market. The company aims to have 25% market share in this business.
- Large number of orders: AEL has large orders for smart meters from Mumbai, Maharashtra Discoms, Uttarakhand, Andhra Pradesh, Bihar, and Assam.
- Government Initiative: The government has decided to install smart meters in the country, which gives huge potential to AEL in the future.
Performers:
- AEL’s share price has increased by 32.6% in the last 6 months.
- Shares have increased by 57.5% in one year.
Additional Information:
- AEL’s partner Adani Electric City Mumbai has also installed 7 lakh smart meters.
- AEL has orders for about 2 crore smart meters.
- India is estimated to require approximately 25 crore smart meters in the next 5-7 years.
This information is for educational purposes only. Please do your research before investing.
Conclusion
Adani Energy Solutions Limited is a major player in the smart meter market. With the support of the government and a large number of orders, the company is likely to grow rapidly in the coming years.
Disclaimer:
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